Euro Declines Versus Dollar on Growth Concern as Pound Weakens
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The euro weakened against the dollar on concern the region’s economy will struggle to grow this year.
Europe’s shared currency slipped from a 20-month high against the yen amid speculation its gain had been too rapid. Italian industrial orders fell 0.5 percent in November from a month earlier, a report showed today. The pound slid for a sixth day against the dollar after retail sales unexpectedly fell in December. South Africa’s rand weakened against all its major counterparts on concern labor protests will curb exports.